Category: Tax Invoice

Yes. A ‘receipt voucher’ containing prescribed particulars should be issued on receipt of any advance payment towards supply of goods or services.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 18)

 

In terms of Rule 53(2) of the CGST Rules, every registered person who has been granted registration with effect from a date earlier than the date of issuance of certificate of registration to him, may issue revised tax invoices in respect of taxable supplies effected during the period starting from the effective date of registration till the date of the issuance of the certificate of registration
However, rate wise consolidated invoice can be issued to an unregistered recipient during such period except separate invoice be issued in case of inter-state supply exceeding value 2.5 lacs.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 17)

 

Normally, the tax invoice should have the following details:
(a) Name, address, GSTIN of the supplier
(b) Consecutive Serial Number unique for a financial year having alphabets, numerals and special characters being “-“ or “ / “ only
(c) Date of Issue
(d) Name, address of the recipient and GSTIN/UID of the recipient, if registered
(e) name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is ` 50,000 /- or more;
(f) name and address of the recipient and the address of delivery, along with the name of the State and its code, if such recipient is un-registered and where the value of the taxable supply is less than ` 50,000 /- and the recipient requests that such details be recorded in the tax invoice
(g) HSN code of Goods or Services
(h) Description of Goods / Services
(i) Quantity and Unit(or Unique Quantity Code) in case of Goods
(j) Total Value of Goods and/or Services
(k) taxable value of Goods and Services
(l) Rate of Tax (Central tax, State tax, Integrated tax, Union territory tax)
(m) Amount of Tax Charged in respect of taxable goods or services (central tax, State tax, integrated tax, Union territory tax or cess);
(n) Place of Supply along with the name of the State, if the supply is an inter-State supply
(o) Address of delivery if different from place of supply
(p) Whether tax is payable on reverse charge
(q) Signature/Digital Signature of the Suppler or his authorized representative. Further, the provisos to Rule 46 of the CGST Rules states that:
 Where, the Board by notification, may specify – no. of digits of HSN code for
goods or services that a class of registered persons shall be required to mention, and the class of registered persons that would not be required to mention the HSN code for goods or services, for such period as may be specified in the said notification.
 A registered person who is liable to pay tax under section 9(3) or (4) shall issue an invoice in respect of goods or services or both received by him from the supplier who is not registered on the date of receipt of goods or services or both, may issue a consolidated invoice at the end of a month for supplies covered under section 9(4), the aggregate value of such supplies exceeds ` 500 in a day from any or all the suppliers.
 In the case of the export of goods or services, the invoice shall carry an endorsement “SUPPLY MEANT FOR EXPORT ON PAYMENT OF INTEGRATED TAX” or “SUPPLY MEANT FOR EXPORT UNDER BOND OR LETTER OF UNDERTAKING WITHOUT PAYMENT OF INTEGRATED TAX”, as the case may be, and shall, in lieu of the details specified in Rule 46(e) of the CGST Rules, contain name and address of the recipient; address of delivery;  and name of the country of destination.
 A registered person shall issue a consolidated tax invoice at the close of each day in respect of all such supplies, where the value of the goods or services or both supplied is less than ` 200, the recipient is not a registered person; and does not require such invoice.

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE, CREDIT AND DEBIT NOTES: FAQ NO. 30)

 

A GTA supplying services in relation to transportation of goods by road in a goods carriage, is required to have the following details in its invoices (in addition to other details required):
(a) Gross weight of the consignment
(b) Name of the Consignor and the Consignee
(c) Registration number of the goods carriage in which the goods are transported
(d) Details of goods transported
(e) Details of place of origin and destination
(f) GSTIN of the person liable to pay tax (whether as consignor, consignee or GTA).

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE, CREDIT AND DEBIT NOTES: FAQ NO. 30)

Till the grant of registration on i.e., 29th April, 2017 tax cannot be collected on the supplies made.
However, even though the registration is granted on 29th April, 2017 the effective date of will be 1st April, as registration is applied for within the permissible period.
Section 31(3)(a) provides for issue of ‘revised invoices’ against the bills raised on a regular basis (without collection of tax) from 1st April to 28th April, within a period of 1 month from the date of grant of registration certificate, i.e., within 29th May, 2017.
Applicable taxes can be collected in the revised invoices issued.

(ICAI FAQ PUBLICATION 06-09-2017 -: Tax Invoice, Credit and Debit Notes : FAQ NO. 16)

 

A Bill of Supply should have the following details:
(a) Name, address, GSTIN of the supplier
(b) Consecutive Serial Number unique for a financial year having alphabets/ numerals and special characters being “-“ or “ / “ only
(c) Date of Issue
(d) Name, address of the recipient and GSTIN/UID of the recipient, if registered
(e) HSN code of Goods or Services
(f) Description of Goods / Services
(g) Post discount/abatement value of Goods and Services
(h) Signature/Digital Signature of the Suppler or his authorized representative.
Further, provisos to rule 46 shall, mutatis mutandis, apply to the bill of supply.
Furthermore, any tax invoice or any other similar document issued under any other Act for the time being in force in respect of any non-taxable supply shall be treated as a bill of supply for the purposes of the Act.

(ICAI FAQ PUBLICATIONS 06-09-2017 TAX INVOICE, CREDIT AND DEBIT NOTES: FAQ NO. 32)